Super Spinning's loss narrows, but an ₹83 cr power bill dwarfs its rent roll
Net loss fell to ₹5.80 crore as textiles exit continues. A disputed electricity claim of ₹83.24 crore is nearly 13x annual rental income.
— 2 earlier stories on Super Spinning Mills Ltd. →What's new
- FY26 net loss narrowed to ₹5.80 crore from ₹16.41 crore a year earlier.
- Rental revenue from continuing operations was flat at ₹6.31 crore.
- SPDCL claims ₹83.24 cr in electricity arrears; Super Spinning made no new provision beyond last year's ₹8.52 cr.
Why this matters
The company is shrinking into a landlord model, but its entire annual rent roll is dwarfed by a single utility dispute. The claimed amount of ₹83.24 crore is more than double the company's ₹33 crore market cap. Management's refusal to increase the provision signals it intends to fight.
What we're watching
- Whether SPDCL pursues legal enforcement or negotiates the claim down.
- If the provision for the dispute changes in subsequent quarters.
- The pace and cost of the final textile business wind-down.
The full read
Super Spinning Mills' annual loss narrowed to ₹5.80 crore from ₹16.41 crore. Revenue from the remaining rental business was flat at ₹6.31 crore. The balance-sheet risk is a power bill. SPDCL claims ₹83.24 crore in electricity arrears. Management says only ₹19.08 crore is due. It made no new provision beyond last year's ₹8.52 crore. For a nano-cap with a ₹33 crore market value, this is the defining liability. The textiles exit is playing out as planned. The electricity fight is the new one. A single dispute now overshadows the entire business.
Questions answered
- How much does Super Spinning say it actually owes for electricity?
- Management estimates ₹19.08 crore is payable, while SPDCL claims ₹83.24 crore. The company made no additional provision this year, sticking with the ₹8.52 crore set aside last year.
- What does the core business look like now?
- Revenue from continuing rental services was flat at ₹6.31 crore. The company is exiting its textiles business, which caused the prior-year losses.
- Why is the electricity dispute important for a company this size?
- The claimed amount of ₹83.24 crore is more than double Super Spinning's ₹33 crore market cap. Even management's own estimate of ₹19.08 crore is a significant liability relative to its annual rental income.
Super Spinning Mills Ltd.
Latest quarter · Mar 2026
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All notes on SUPERSPIN →- 26 May 2026 · 5:12 PM IST Super Spinning's loss narrows, but an ₹83 cr power bill dwarfs its rent roll
- 41d ago Super Spinning Mills posts ₹580 lakh annual loss; ₹8,324 lakh dispute unresolved
- 41d ago Super Spinning's annual loss narrows. But an ₹83 cr power bill dispute looms.